Tamedia acquires Tutti.ch and Car4you.ch outright
Tamedia acquires the 50 percent stake held by the Norwegian Schibsted Media Group in the previously jointly held subsidiary Swiss Classified Media, which operates Tutti.ch and Car4you.ch.
Schibsted Media Group and Tamedia have agreed to continue their cooperation in strategy, development and technology in Switzerland for the next three years, regardless of the new ownership structure, according to a statement.
The classifieds platform Tutti.ch was launched in Switzerland in 2010. Tutti.ch is to be further strengthened through synergies with the OLX platform acquired from Naspers. Car4you.ch has already been present in the Swiss market since 1997 and, according to Tamedia, has achieved a leading position among professional car dealers. By combining the strengths of Autoricardo.ch and Car4you.ch, a strong alternative to Autoscout24 is to be created in the car market. Scout24 Switzerland is owned by Ringier Digital.
The purchase price for Schibsted's stake in Swiss Classified Media consists of 15 million euros plus a performance-based payment of a maximum of 12.5 million Swiss francs in 2019 based on the development of tutti.ch in 2018. The transaction is subject to approval by the Swiss Federal Competition Commission.
Schibsted Media and Tamedia join forces (11.07.2013)
